Small Business Finance News

NFIB Index Shows More Small Business Confidence In November

Written by Ken GaeblerPublished: 12/16/2010

Index rose by 1.5 points

Small businesses had a more positive outlook last month, according to the one of the most recent indexes.

The National Federation of Independent Business' optimism index gained 1.5 points, to a score of 93.2, the highest since December 2007. The increase represented the fourth straight month that the index rose, as the economy struggles to get out of one of the worst recessions in the county's history.

The NFIB said that while there was progress being made, the pace of growth continued to be slower than needed for a full recovery.

"Overall, job creation is likely to continue but at a tepid pace, far below the 300,000-plus figure needed each month for the next three years to keep up with population growth and restore most of the jobs lost in the recession," the NFIB said. "The trend is clearly supportive of higher prices in future months."

The NFIB made other news for small business recently when it endorsed a decision by a Virginian judge. The NFIB's Wisconsin state director, Karen Harned, said in a statement that she was pleased with Judge Henry Hudson's recent decision to rule the federal healthcare reform unconstitutional.

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